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Bersin & Associates Study Names SumTotal a Market Leader in Talent Management Systems
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CHICAGO--(Business Wire)-- SumTotal Systems, Inc., a market leader and global provider of talent development solutions, today announced from the HR Tech Conference Booth #114 that the company has been recognized as a market leader in the new study released by Bersin & Associates titled, Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles. The study highlights SumTotal as one of the top vendors in the talent management systems market based on their established leadership in the enterprise learning market, sophisticated domain management and easy-to-use open activity architecture. "We are honored to be recognized by Bersin & Associates as a leader in the talent management systems space," said Barbara Stinnett, President of SumTotal. "This recognition validates our success in developing learning solutions that allow our customers to benefit from increased productivity and a more engaged workforce, truly giving them a competitive edge." Bersin & Associates` research found that the talent management systems market has continued to grow over the past year despite the economy. Based on market research and growth in adoption reported by vendors, Bersin & Associates expects that the market will expand by 15 percent over the coming year. "Organizations are increasingly seeing the need for a holistic talent development strategy and integrated talent management systems," said Josh Bersin, President of Bersin & Associates. "SumTotal`s TotalPerformanceâ„¢ Talent Development Suite is best-suited for global, complex deployments, while the full-featured ResultsOnDemand SaaS version is gaining steam with the mid-market." The Bersin & Associates study features SumTotal`s highly configurable performance management, market leading learning management, competency-based talent development and experience deploying solutions in large, multinational organizations as the key factors helping to position the company at competitive advantage over other vendors within the industry. This week, SumTotal announced new user experience and social networking features for its Talent Development Suite, including SumTotal Stream, and integrations with Microsoft Outlook, LinkedIn and Facebook. In the last year, SumTotal has made significant updates to its Talent Development Suite with the addition of a compensation management module, an industry-specific Healthcare Solution Set, and improved reporting architectures and workflows across learning and performance systems. About SumTotal Systems, Inc. SumTotal Systems, Inc. is a leading provider of proven talent development solutions that automate and integrate learning, performance, and compensation management to drive business results on a daily basis. Our solutions strengthen and develop employee skills to accelerate time-to-market, close skill gaps, and reduce the risk of business disruptions. With more than 1,500 customers and 18 million users worldwide, we have increased the performance at some of the world`s best-known companies, organizations and government agencies. Our category leadership and applied insight help us understand the critical success factors for businesses of all sizes. For more information, visit www.sumtotalsystems.com. SumTotal, the SumTotal logo, ResultsOnDemand and TotalPerformance are registered trademarks or trademarks of SumTotal Systems, Inc. and/or its affiliates in the United States and/or other countries. Other names may be trademarks of their respective owners. Porter Novelli for SumTotal Systems, Inc. Lauren Sell, 281-501-2698 (direct) or 713-398-8700 (cell) Lauren.sell@porternovelli.com Copyright Business Wire 2009
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